Loop Capital Markets | A Thriving Investing Firm?
NOT under the TARP
TARP funds may have given America’s large investment banks short term loans of operating capital, but it has also given these banks black eyes in the perception of investors. The reaction is understandable; if an investment bank is in so much trouble that they require taxpayer funds [...]
Iowa Senator Grassley Suggests AIG Execs Commit Seppuku
“Fall on your sword.”
MSNBC reports that while America’s rage over AIG continues to burn with righteous fury, there is at least one vocal senator who wants to step up the punishment. Senator Charles Grassley of Iowa made the following exclamation regarding AIG executives:
Obviously, maybe they ought to be removed. But [...]
Bank Gives Bailout Money Back | What’s the Story Behind TARP?
Thanks but no thanks
IBERIA Bank, a Louisiana company that previously accepted $90 million in government aid, says it will now give the money back. Changes to the Troubled Asset Relief Program would put the bank at a disadvantage, said Daryl Byrd, the bank’s chief executive.
Regulations
It’s true, there are a lot [...]
Easy Loans? We Must Nationalize Banks, Says Greenspan
Greenspan sees economy as green in the gills
Easy loans are a sign of the times. By that, I mean that Americans live in an age where consumers have choice as to how they will manage their short-term finances. It’s been easy for microloans to become popular, as they are fast, [...]
Bank CEO Cheats Payday Loan Customers & America
John Stumpf represents what’s wrong with banking
Payday loan customers and everyone else want to know… where does the arrogance of bank CEOs end and sanity begin?
Bloomberg’s David Glovin reports that Wells Fargo & Co. CEO John Stumpf is on the defense over “misleading” media coverage of non-essential corporate events that [...]
Citigroup Reveals TARP Fund Use | by Online Payday Loan Store
Bank comes forward after criticism
Your online payday loan store keeps you up to date on financial news.
Several weeks ago, a congressional watchdog panel came down hard on the Treasury for its use of the first $350 billion in bailout money. The panel accused the Treasury of not keeping track of [...]
From Your Payday Loan Source: FHA Needs Help
Your payday loan source keeps you up-to-date on financial news.
History tries to repeat itself
The Federal Housing Authority says it doesn’t have the resources to police predatory lenders. Officials from the Department of Housing and Urban Development say the FHA needs more staff, better technology and added legal authority if it [...]
Mortgage Crisis Far From Over | Article by Your Payday Loan Source
Your payday loan source keeps you up-to-date on the nation’s financial news.
Many on Main Street don’t recover after rescue
After $350 billion was pumped into relieving the mortgage crisis, the majority of homeowners who modified their loans still ended up in default, CNNMoney reported last month.
Federal Reserve Chairman Ben Bernanke
The original [...]
Payday Loans News Break: FDIC Bails Them Out | Credit Repair for Mortgage Lenders
The Paulson Plan has provided relief for floundering banks in America, but the help mortgage lenders have sought for their own credit repair hasn’t been forthcoming. Until now.
The FDIC has announced its home loan modification program
With this new plan, the Federal Deposit Insurance Corp will seek to prevent about 1.5 [...]
Loan Modification
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